Admission of a ...

Which of the following formula is/are used for valuation of goodwill under super profit basis? 

On the admission of a new partner, it is believed that the assets have changed in value. To record a decrease in the value of an asset the double entry should be:

If goodwill is to be created and then immediately written off, the correct method of entering this in the accounts would be -

The profits of last three years are $$Rs.42,000$$; $$Rs.39,000$$ and $$Rs.45,000$$. Find the goodwill of $$2$$ years purchase.

Find the goodwill of the firm using capitalization method from the following information:
Capital employed $$Rs.4,80,000$$;
Rate of normal return - $$15\%$$; 
Profits for the year $$Rs.90,000$$.

When required amount of premium for goodwill is not brought in by new partner, goodwill account is created in the books of the firm by debiting goodwill account and crediting partners capital account in ______.

Sometime the value of goodwill has to be inferred from the agreement of capitals and profit sharing ratio among the partners, it known as ___________.

The amount that the incoming partner pays for goodwill is known as ____________.

Average profit of a firm is $$Rs.1,20,000$$. The rate of capitalization is $$12%$$. Assets and liabilities of the firm are $$Rs.10,00,000$$ & $$Rs.4,25,000$$ respectively. The value of goodwill of the firm is _____________.

Find the goodwill of the firm using capitalization method from the following information: 
Total Capital Employed $$Rs.8,00,000$$;
Reasonable Rate of Return $$15\%$$;
Profits for the year $$Rs.12,00,000$$.